Barter and Countertrade Act of 1987 - Establishes the Office of Barter and Countertrade within the Department of Commerce. Requires the Secretary of Commerce to appoint a Director to head such Office.

Declares the functions of the Office to be to: (1) monitor international barter trends and countertrade information and to disseminate such information to businesses, educational institutions, and export-related governmental agencies; (2) notify Federal agencies with operations abroad where to barter Government-owned surplus commodities for goods and services; (3) publish lists of commercial opportunities for barter transactions beneficial to U.S. enterprises; and (4) provide assistance to enterprises seeking barter and countertrade opportunities.